OMU - Old Mutual Limited

Feb 29, 2024 at 17:00 Twitter · Facebook

OMU share price on Zimbabwe Stock Exchange

Old Mutual (Zimbabwe) Limited is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. The group has a reputation for integrity, financial strength and value-for-money, and is dedicated to satisfying client needs for wealth creation and protection – in profitable ways. Old Mutual has solid foundations established on one core promise: the commitment to always deliver value to its clients. Old Mutual Zimbabwe offers services to Zimbabwe-based clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Development and Management, Short-term Insurance and Banking Services. Clients include most of the large local institutions and the major multinationals represented in Zimbabwe as well as individuals. Old Mutual has conducted business in Zimbabwe for over 110 years.

NOTE: Shares of Old Mutual Limited are currently suspended from trading on the Zimbabwe Stock Exchange (ZSE) since close of trading on Monday, August 3, 2020. Old Mutual is traded on the ZSE under the ticker symbol “OMU”. Old Mutual Limited is currently the 25th most valuable stock on the ZSE with a market capitalization of ZiG 160 million, which is about 0.582% of the Zimbabwe Stock Exchange equity market.

OMU Stock Market Performance

The current share price of Old Mutual Limited (OMU) is ZiG 81.9906. OMU closed its last trading day (Friday, June 26, 2020) at 0.032813 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 0.2% drop from its previous closing price of 0.032868 ZiG. Old Mutual began the year with a share price of 0.014608 ZiG and has since gained 125% on that price valuation. Investors should, however, take caution of OMU’s recent bad performance, having lost 9% of its value in the past four weeks.

Old Mutual has traded a total volume of 2.53 million shares valued at ZiG 62,941 over the past three months (Mar 27 - Aug 3, 2020), with an average of 40,178 traded shares per session. A volume high of 258,500 was achieved on May 13th for the same period. The table below details the last 10 trading days of activity of Old Mutual on the Zimbabwe Stock Exchange.

Profile of Old Mutual (Zimbabwe) Limited

Old Mutual (Zimbabwe) Limited operates in the Financials sector, specifically, the Insurance industry. The company is led by J. Mushosho as its Group Chief Executive Officer. The company's board of directors, chaired by J. Gawaxab, is composed of 10 members whose names are listed below.

1. Gawaxab, J.
   Chairman
2. Mushosho, J.
   Group Chief Executive Officer
3. Mashinya, I. T.
   Executive Director
4. Mudekunye, N. T. T.
   Group Finance Director
5. Benecke, D.
   Board Member
6. Johnson, T. M.
   Board Member
7. Mahlangu, M. P.
   Board Member
8. Mandevani, K.
   Board Member
9. Tsumba, L. L. (Dr.)
   Board Member
10. Williamson, I. G.
    Board Member

OMU Industrial Market Competitors

Old Mutual (Zimbabwe) Limited, issuers of the OMU stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Insurance industry. The table below presents an overview of the market standing of the top nine by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange